BREAKS GROUND ON RETAIL PROJECTS AT FULTON RANCH

By Champion in : News // Mar 3 2005

RED DEVELOPMENT BREAKS GROUND ON RETAIL PROJECTS AT FULTON RANCH

RED Development, LLC, broke ground at Fulton Ranch in Chandler, AZ, marking the official start to its three retail-based developments. Fulton Ranch is a 520-acre, lake-oriented .lifestyle village., that combines an integrated design of residential and commercial properties. Fulton Homes of Tempe, has led the master-planning process along with project partners RED Development and Cachet Homes, both of Scottsdale.

Construction on the 350,000 sf Fulton Ranch Towne Center will begin immediately, with a planned opening in November 2005. The 41-acre project sits at the SWC of Ocotillo Rd and Arizona Ave and will combine national retailers with a town center setting. Tenants who have committed to the project include Lowe.s, PETCO, Midfirst Bank, Johnny Carino.s Italian, Garcias and Cheeburger Cheeburger. Towne Center will also be home to a number of specialty and service shops, plus fast-casual and family restaurants.

The Promenade at Fulton Ranch, located at the NEC of Chandler Heights Rd and Alma School Rd, will begin construction this summer with an opening planned for spring 2006. The 150,000 sf lifestyle center on 21 acres will feature high-end specialty retail. Tenants include a specialty grocery store, mens. and womens. fashions, home décor, salon & spa, sit-down restaurants and specialty shops. In addition to retail, The Promenade will feature 36,000 sf of office space. Champion Partners, LLC, is developing the office component in phases and plans to open office space during the first quarter of 2006.

Fulton Ranch Marketplace is a 125,000 sf project that will be anchored by a national drug store and major health club, and will feature additional service and specialty retail. Located at the NWC of Chandler Heights Rd and Arizona Ave on 14 acres, construction on the project is targeted to begin this summer and open in 2006.